Fiduciary Alliance LLC Acquires 10,261 Shares of NextEra Energy, Inc. $NEE

Fiduciary Alliance LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,832 shares of the utilities provider’s stock after acquiring an additional 10,261 shares during the quarter. NextEra Energy comprises 0.7% of Fiduciary Alliance LLC’s portfolio, making the stock its 28th largest position. Fiduciary Alliance LLC’s holdings in NextEra Energy were worth $11,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sax Wealth Advisors LLC boosted its stake in NextEra Energy by 0.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 118 shares during the last quarter. apricus wealth LLC boosted its position in shares of NextEra Energy by 3.8% during the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 120 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of NextEra Energy by 1.9% during the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 120 shares in the last quarter. Fingerlakes Wealth Management Inc. boosted its position in shares of NextEra Energy by 0.8% during the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after purchasing an additional 124 shares in the last quarter. Finally, Heritage Wealth Management Inc. boosted its position in shares of NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 125 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NEE shares. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. UBS Group lifted their price target on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Argus set a $92.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, BTIG Research reissued a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.94.

Insider Activity at NextEra Energy

In other news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This represents a 65.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 190,816 shares of company stock worth $17,075,619. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 0.4%

NextEra Energy stock opened at $94.57 on Friday. The firm has a 50-day moving average of $91.88 and a 200-day moving average of $85.57. NextEra Energy, Inc. has a one year low of $63.64 and a one year high of $96.21. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company has a market cap of $197.21 billion, a price-to-earnings ratio of 28.74 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the business posted $0.53 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is currently 75.68%.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.